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eal estate firm Fifth Wall is launching a new $500 million fund named Fifth Wall React, as per a regulatory filing. The company, led by CEO Brendan Wallace, currently manages $3.2 billion in capital. In 2022, Fifth Wall raised an $866 million fund for real estate tech startups and a $500 million fund for real estate climate tech. The new fund is significant due to challenges faced by proptech in 2022, but the recent decision by the U.S. Federal Reserve to lower rates has boosted investor confidence. Fifth Wall's successful investments include Opendoor, Hippo Insurance, and SmartRent. No comments were provided in response to TechCrunch's inquiry.